Exelon Co. (NASDAQ:EXC) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,647,562 shares of the company's stock after buying an additional 122,160 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Exelon worth $62,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Korea Investment CORP increased its position in shares of Exelon by 16.8% in the fourth quarter. Korea Investment CORP now owns 822,958 shares of the company's stock valued at $30,976,000 after buying an additional 118,252 shares in the last quarter. Ausdal Financial Partners Inc. grew its stake in Exelon by 2.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock valued at $444,000 after acquiring an additional 324 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Exelon by 1.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,841 shares of the company's stock valued at $1,349,000 after acquiring an additional 547 shares in the last quarter. Modern Wealth Management LLC raised its position in Exelon by 48.2% during the fourth quarter. Modern Wealth Management LLC now owns 15,591 shares of the company's stock worth $652,000 after acquiring an additional 5,070 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Exelon in the fourth quarter valued at about $40,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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Exelon Trading Up 0.2 %

Shares of EXC traded up $0.11 during trading hours on Wednesday, hitting $46.03. The stock had a trading volume of 2,447,517 shares, compared to its average volume of 7,601,584. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $46.47. The firm has a market cap of $46.47 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.86 and a beta of 0.51. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The company's fifty day simple moving average is $42.75 and its 200 day simple moving average is $40.23.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period last year, the business earned $0.60 EPS. Equities research analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. Exelon's payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Morgan Stanley boosted their price target on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group upped their price objective on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Scotiabank lifted their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Finally, Barclays upped their target price on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.13.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company's stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company's stock.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.